USDC

monkeytrade_

The best thing to do is zoom out. If you're unsure, stablecoins are your best friend for a while. Just park your assets in USDT/USDC and wait for a clear trend. Better to miss a small pump than to catch a massive dump.

bbqyak

You can use something like Cake Wallet. Send LTC (for fast transaction time) and swap it for USDT. But the fees are high and you're going to lose a few percent in the process. Or get a VPN and buy it on an exchange. But unless you're trying to buy a coin you can't without USDC, there's really no benefit. You'll be jumping through hoops here potentially losing money just to get a stablecoin.

abhicoinexpansion

The USDC volume is insane. With $196M in backing and that steady floor, Monad looks ready for a massive breakout.

OkBuy4754

USDC dominance hints at low EV for other stablecoins

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Post is by: Dr_Jecky1l and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1rhldlj/36_billion_in_stablecoin_inflows_on_monad_in_past/ Has $MON been accumulating and quietly attracting capital recently? Monad has just set a new daily all-time high (ATH)—stablecoin inflows reached $3.6 billion, nearly all driven by USDC (\~96%)! Today (February 28, 2026), Monad surged dramatically, recording a historic daily stablecoin inflow peak of $3.6 billion within just 24 hours. Of this, USDC accounted for approximately 96% (\~$3.46 billion), demonstrating the immense appeal of the leading stablecoin within the Monad ecosystem. This indicates: - Liquidity growth is exploding—Monad is attracting massive capital, particularly from USDC. - USDC dominates—nearly monopolizing all stablecoin transactions on this chain. DeFi potential and on-chain activity are accelerating, likely pushing TVL and trading volume to new highs in the near future. — From a technical perspective, $MON has been accumulating consistently in the range of $0.01–$0.02 for some time. What’s remarkable is that this accumulation has persisted even during prolonged market sell-offs. Prior to its listing, the project raised $196M in its ICO and secured substantial funding across multiple rounds. The key question now: Will the project inject more of these funds into $MON in the near future—or will they be deployed elsewhere to build new infrastructure? - via KuCoin *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

chompy283

I am a crypto amateur. But have been steadily investing for a few years. I thought the Great thing about crypto was it was fast, secure, private and easy to transfer. I just converted some USDC that i had back to cash. And then decided to transfer some of it to my bank account. Took 3 freaking days while it was "in process" or whatever. At this point, I honestly don't see the point of it. If there is a point, I don't really understand and maybe the whales do. But honestly seems like a bunch of pump and dump and hype and manipulation to make money. I fell for the XRP hype and have most of my money on that. Looks like it's going to be a loser. I bought some ethereum 4 yrs ago and it's still worth less than what I paid. Obviously it's high risk stuff but I really dislike Coinbase's website and how it's run.

Blooberino

I don't know about availability and rules for Australia, but you can use a coinbase card anywhere Visa is accepted for USDC. Costs nothing to top up and use, and you can get 0.5% of your purchases back in USDC, BTC. and a few others. If you need to use USDT or coinbase card isnt available then ignore this.

CapitalIncome845

I accept USDC, with two little smart contracts. No need for a gateway. AI set it up for me in about 3 minutes.

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Post is by: Thor_009 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1rg6te9/qadden_settlement_engine_is_the_mevkiller_tech/ I’ve spent the last week diving into the dev-logs and technical whitepaper for Qadden. With their pre-sale now almost sold outt and the hard capp of $55M fast aproaching, I wanted to put together a final objective review for anyone looking at the "plumbing" of the 2026 DeFi space. The Product: Atomic Settlement Logic Most people use DEXs and just accept that they’ll lose 1 - 3% to "slippage" or front-running bots. Qadden’s core product is a settlement engine that makes executionn binary. I tested the simulated environment: the trade either hits the exact price you were quoted instantly, or it reverts entirely. There is no "pending" state. For anyone tired of "sandwich attacks," this tech is essentially a game changer. The Utility: Payment API This is the B2B side of the project. I reviewed the responsiveness of their merchant API. It allows a business to receive payments in ETH or USDC regardless of what token the customer uses. In an era where merchants are terrified of altcoin volatility, this "translation layer" is the most practical use of an L2 bridge I’ve seen this year. The State of the Presale: I’ve been tracking the dashboard, and the allocation is nearly fully subscribed. Usually, when a project hits this "almost sold out" phase, you see a massive spike in institutional interest because the big "Reserve Managers" want to lock in their staking rights before the public portal closes. The Pros: * True Atomic Finality: Effectively deletes the front-running bot industry. * Compliance Ready: They’ve already finalized listing frameworks with Tier-1 exchanges like Coinbase and Kraken. * Deflationary Pressure: A portion of every transaction fee is used to buy back and burn $QAD. The Cons: * Early Access: The full Mainnet isn't until September, so this is an infrastructure play, not a "plug-and-play" app yet. * Institutional Focus: The "Reserve Warehouse" logic is complex and clearly designed for professional market makers first. Final Verdict: Qadden isn't trying to be a "meme." It's building the high-speed, secure plumbing that the Web3 economy has been missing. If you're looking for a finished consumer product, wait for the fall. But if you want to see how the "Slippage Tax" finally gets killed, keep an eye on this. The window for the fixed-price entry is basically minutes from shutting. Rating: 9/10 (Utility & Infrastructure) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

CoatMinute8469

Brazil is probably the best real world test case right now. PIX is already everywhere there. Instant, free, works 24/7. Nobody questions whether it functions. The interesting part is what happens when you layer stablecoins on top of that existing infrastructure instead of trying to replace it. The pattern that seems to be working: use stablecoins as the settlement layer between parties, then let each side onramp and offramp through their local rails. So someone in the US can send USDC, it routes through to Brazil, and the recipient gets BRL via PIX within minutes. The friction used to be the conversion step. Legacy ramps were charging 5 to 8 percent to move between stablecoins and local currency. That's been compressing lately as more liquidity sources compete for that flow. Brazil's doing something like 50 billion in stablecoin volume annually now. Most of that isn't people holding crypto. It's businesses using it as a pipe to move value faster than traditional rails allow. Anyone seeing similar patterns in other LATAM markets? Argentina seems like an obvious candidate given the peso situation.

EarningsPal

So stupid. If you have the ability to get people to invest $328 Million with you, all you have to do is the right thing. You win. They don’t necessarily have to win either. But as long as the investment was legal and legitimate, it’s their risk. This dude could have just put $328 Million into 20% BTC/USDC, 20% BTC/USDT, 10% ETH/USDC 10% ETH/USDT, 20% Stablecoin Liquidity Pools/Lending protocols like AAVE or Morpho, and the last 20% into US Treasuries or on chain treasury tokens from legit sources. He could take a management fee of 1% of what is invested, a performance fee per year. Any year someone is up, he gets paid handsomely. Any year the customer is down, he still gets paid 1%. If he could have just lasted another 4 years, it’s likely he would be managing 400 Million doing absolutely nothing except putting money in and out of liquidity pools and generating reports to whomever asks for details. I never understand why people do t just invest the money into an index fund. Although it’s wrong to lie, the Ponzi dudes can promise massive returns and just invest in an index fund and do nothing else. Just keep talking about your proprietary research and experience. Anyone that wants their money out, pay them. They will get the market return and compare that to their other portfolio and probably have little to argue about. They will have made a profit, just not as much as they hoped. That’s investing.

Tough-Ideal8280

No one cares if it is declares dead at a few poxy dollars but when the value has gone down thousands its more of an issue  Lets face it the only reason it hasn't been killed off already is the shady Tether the UNAUDITED company that prints billions of USDC to prop up the price.  Sure they can't prove that they have the reserves but I can't see that going wrong! But you also have the fine uodtanding citizen (convicted fraudster) Saylor who is diluting shareholders to try and pump it up to get more marks on board.  Not a carny grifter at all no totally above board! Blockfills wont let anyone cash out and if you remember last October many exchanges strangely all experienced 'technical difficulties' at exactly the same time.  How strange.. Add to that the billions hacked and lost to fraud that you can't get back unlike good old fiat with proper banks and regulation. Guys this is a textbook pyramid scheme.  Wake up before it is too late.  This isn't digital gold its just good old fashioned grifting.

TheresNoSecondBest

Why dealing with centralized shitcoins like USDC/USDT if you can buy bitcoin at BISQ, Robosats, HodlHodl, PeachBitcoin or Vexl, directly from the sellers?

Historical-Ice-3254

If swap from EVM USDC to native bitcoin and send it a unused bitcoin public address derived from a seedphrase that previously was used to generate kyc bitcoin addresses, I still wouldn't be doxxed right?

Tough-Ideal8280

How can you trust something so obviously shady?  Blockfills has suspended withdrawals as they have no liquidity to pay anyone!  I seem to remember a similar thing happen during the last downhill slide in October where suddenly mysteriously multiple exchanges reported 'technical difficulties' all at the exact same time.   Then you have the unaudited company Tether who cannot even prove it has enough assets to cover its USDC that it prints billions of to prop up sick patient Bitcoin. Convicted fraudster Saylor diluting shareholders to fund more bitcoin buys in a desperate attempt to get more rubes on board to provide exit liquidity for whales. The constant fraud and hacking about which you can do nothing unlike the old fashioned banks. The textbook definition of a pyramid/ponzi/greater fools scheme.  A complete grifters paradise.  And now it is becoming obvious even to the marks and rhe suckers that Bitcoin is a dangerous thing to get involved with.  You still have a hardcore loke shell shocked army majors stuck in time endlessly repeating their once successful battle cries like 'hodl' 'Bitcoin is on sale!' and '1 btc = 1 btc' but Bitcoin is slowly bleeding to death.  There is no future as because like all pyramid schemes they eventually run out of new investors.

Tough-Ideal8280

How can you trust something so obviously shady?  Blockfills has suspended withdrawals as they have no liquidity to pay anyone!  I seem to remember a similar thing happen during the last downhill slide in October where suddenly mysteriously multiple exchanges reported 'technical difficulties' all at the exact same time.   Then you have the unaudited company Tether who cannot even prove it has enough assets to cover its USDC that it prints billions of to prop up sick patient Bitcoin. Convicted fraudster Saylor diluting shareholders to fund more bitcoin buys in a desperate attempt to get more rubes on board to provide exit liquidity for whales. The constant fraud and hacking about which you can do nothing unlike the old fashioned banks. The textbook definition of a pyramid/ponzi/greater fools scheme.  A complete grifters paradise.  And now it is becoming obvious even to the marks and rhe suckers that Bitcoin is a dangerous thing to get involved with.  You still have a hardcore loke shell shocked army majors stuck in time endlessly repeating their once successful battle cries like 'hodl' 'Bitcoin is on sale!' and '1 btc = 1 btc' but Bitcoin is slowly bleeding to death.  There is no future as because like all pyramid schemes they eventually run out of new investors.

BornYak6073

That 6% hit on USDC trading is absolutely brutal, no wonder you're frustrated. I've had similar issues with crypto exchanges where the spreads are just massive compared to what they advertise, especially during volatile periods when you need to execute quickly. I actually switched to trading crypto CFDs through LHFX instead of dealing with exchanges directly and the difference in execution is night and day. The spreads are way tighter and there's no mystery about what you're paying since everything is upfront with the commission structure.

Local-Score-9086

Yeah I had similar issues with Crypto.com's spreads being absolutely brutal, especially on smaller trades. That 6% hit you took on USDC is criminal - stablecoins should barely move but they're marking up the spread like it's some exotic pair. I switched to LHFX a while back for crypto CFDs and the difference is night and day. Instead of those hidden spreads baked into the "market price," you see the actual spread upfront - usually just a few pips on major crypto pairs. When I trade Bitcoin CFDs there, I'm paying maybe 0.1% in spread costs versus the 2-3% Crypto.com was quietly taking from both sides of my trades. The thing with these crypto exchanges is they make money on that bid-ask spread manipulation, not transparent commissions. So of course their support gives you the runaround when you ask about it - they can't exactly admit they're marking up prices. With proper CFD brokers you pay a clear commission but the underlying pricing is much tighter since they're not trying to profit off spread widening.

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Post is by: Difficult-Chair6282 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1reya1g/stuck_in_a_paypal_virtual_card_usdc_loop/ Hey everyone, I’m stuck in a weird situation and hoping someone here has dealt with something similar. I’ve been doing microtasks and have some funds in PayPal. I created a virtual card to withdraw my balance, but it requires at least $1 on the card to verify it. The only way to fund the virtual card is via crypto (USDC), but I can’t buy crypto because my funds are locked in PayPal — so I’m stuck in a chicken-and-egg situation. Has anyone found a workaround for something like this? Any practical suggestions would really help. Thanks in advance. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

EtherLust

Yeah they do. 2018 coinbase and circle jointly launched USDC. Getting100% of the money interest for USDC held in coinbase and 50% elsewhere. Also anyone in the securities business has to apply via finra and is regulated by finra.

PirateSKB

Yep true, on the plus side too, I can add a few k to my USDC stash from selling off some of my old investments if a rebound does well. But I like to hedge my bets in both directions

andys811

What country is this? In UK where I'm from, you pay CGT on the profit each time you make a disposal, disposal counts whether it's from BTC to USDC, BTC to ETH, BTC to GBP, it doesn't matter it all counts

JCFT_Collins

Are you sure about that? I am not trying to correct you, I'm just curious. One year I swapped BTC to USDT and then back on the same day, I had a "realized" gain in bitcoin once i swapped, and it was on my 1099 from cointracker. Is USDC different than USDT as far as tax purposes?

akmeil

If you sell 1 BTC at 100k and buy back az 70k, you will have 1,42857142 BTC, minus the fees. You are right, it is not 40%. It is almost 43%. If you sell BTC for USDC, you don't have to pay tax.

coinfeeds-bot

tldr; Coinbase has launched stock and ETF trading for U.S. users, allowing them to trade equities alongside cryptocurrencies on a single platform. The service includes 24/5 trading, fractional shares starting at $1, and instant funding with USD or USDC. Coinbase has partnered with Yahoo Finance to integrate research and trading, enabling seamless transitions from asset discovery to execution. Future plans include tokenized stocks and stock perpetual products. This initiative aligns with Coinbase's goal of creating a unified financial platform for multiple asset classes. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

watch-nerd

I may more money just watching my USDC gain yield.

Django_McFly

Binance has more withdraw fees for sure. At least binance.us. I haven't used Kraken in forever. When I did, they couldn't accept bank transfers when every other US exchange could, even shit-tier Gemini. And Kraken is one of the oldest US exchanges so it's not like they were new players to the scene. I've never thought of them as a serious player because of it. I use DEXs as much as possible. Coinbase is my CEX of choice because I can buy/sell usdc 1:1 with USD, withdraw any amount of USDC for free to any chain other than Ethereum L1. Then I'm only getting hit with defi spreads and defi fees, which are minimal in comparison. The only non stablecoins I buy on Coinbase are like $5 of ETH or whatever I need for gas to do this in defi rather than Coinbase.

cyger

Operation Chokepoint 2.0, was a horrible thing in US history. The USDC de-pegging, because of this, was scary.

Django_McFly

Stablecoins are rarely trading at literally 1.0000. This depegged to 0.994. That's not really a depeg. And was it global, or literally one exchange on Earth (ie just bad liquidity on that platform)? When USDC depegged that weekend, it was an actual depeg (not 0.994) and every CEX and DEX had it depegged too.

MaximumStudent1839

> but is really just yield extraction This yield extraction will probably be a big focus, as on-chain lending interest rate gets depressed (e.g., Aave main net USDC APY is like 2.,23%) and lots of funds/projects seem to want to introduce their own synthetic dollars, with yields coming from basis farms.

defiCosmos

USDC and UST do that shit all the time.

watch-nerd

I'm buying futures, specifically 27 FEB 26 futures. Any major exchange. Yes, I hold the assets I'm shorting, although I'm using USDC as collateral.

Xennenial

Everyone would use USDC or another stablecoin instead.

MaximumStudent1839

Doubt it. 1) Doubt they have the right technical expertise. You can see from the fact that they launched their EVM via the Cosmos stack. 2) Don't think they have an edge on user distribution for their stablecoin. Their cultists aren't on-chain natives and are extremely low tech-savvy. They are maybe good memers, but not really crypto product users. You can see from XRPL's low TVL. On the other hand, USDT and USDC have native user bases to drive adoption. While TradFi fintechs, like PayPal, can push their native Web 2 customer base to adopt. Not sure where their edge lies for real adoption when they have spent the vast majority of their capital memeing about their project and community. It is hard to turn that around.

MartyBitchTits

I made a ton off TRUMP and MELANIA. I saw them as grifts straight away and changed all my SOL into USDC, when the price spiked, then bought back in to SOL once the rug had been pulled and the price tanked, taking SOL with it. Thank you gullible idiots, you made me more than 5 grand in the space of a couple of days.

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Post is by: francisalexx1 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1rbym2o/why_aixpay_might_be_the_missing_link_between/ ✨ Why AIXPay Is a Game-Changer for Crypto Users — Especially the Underbanked, Freelancers & Global Travelers ✨ Today, I’m excited to share why AIXPay is one of the most compelling fintech innovations I’ve seen in the crypto space — and why it could fundamentally change how everyday people interact with digital assets. Over the past few years, I’ve met hundreds of users who love crypto but struggle with the gap between blockchain technology and real-world financial access. Many are freelancers who get paid in stablecoins, underbanked individuals who can’t access traditional bank services, or frequent travelers who are tired of expensive FX fees. AIXPay isn’t just another wallet — it’s designed to solve these exact pain points. 🔥 What Makes AIXPay Stand Out 💡 Stablecoin Top-Ups One of AIXPay’s most useful features is stablecoin top-ups. For users earning USDC, USDT, or other stablecoins, AIXPay allows seamless conversion and funding of everyday spending accounts without high fees or third-party exchanges. This matters because: It stabilizes volatile crypto earnings It removes reliance on slow, expensive banking rails It empowers users in regions with weak local currency options For the underbanked — those who don’t have reliable access to banks — this alone is transformational. 🌍 A Lifeline for Underbanked Users Millions of people around the world are excluded from traditional financial services. AIXPay bridges that gap by letting users: ✔️ Receive stablecoin payments ✔️ Convert and spend crypto ✔️ Use global payment infrastructure without a traditional bank In regions where bank accounts are hard to open or maintain, this is more than convenience — it’s financial inclusion. 👨‍💻 Freelancers & Gig Workers Win Big If you’re a digital nomad or freelancer paid internationally, you know the struggle: Slow payments. High conversion fees. Harsh FX spreads. AIXPay lets you receive stablecoins and quickly top-up your balance with minimal friction. No need to wait days for bank transfers or lose a chunk of your income to intermediaries. ✈️ Perfect for Global Travelers Traveling with crypto often means hoops — finding reliable ATMs, dealing with local restrictions, or paying huge fees to convert back into fiat. AIXPay simplifies this: Spend directly from your account Top up with stablecoins on the go Avoid hidden FX charges It’s like having a truly global banking alternative that travels with you. 🚀 Final Thoughts AIXPay isn’t just another crypto app — it’s an access point to financial freedom for underserved populations. By combining stablecoin usability with real-world spendability and low friction, it empowers people and boosts economic participation. If you’ve ever felt the pain of traditional banking barriers or the hurdles of crypto adoption, AIXPay is worth checking out. 👉 Join the waitlist here: https://www.aixpay.co/waitlist?channel=beebrain If you want, I can tailor this for Medium formatting or Reddit threading style too! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

icnews10

A USDT depeg would be chaotic short-term, but not existential for crypto. The real risk isn’t “USDT = zero,” it’s liquidity shock, forced unwinds, and trust contagion across venues that rely on it as a base pair. Over time, liquidity would migrate to other rails (USDC, fiat, BTC), but the transition would be violent — not terminal.

Sad-Equivalent9293

A really smart play here could be to take a loan and use your BTC as collateral. You get USDC, USDT, fiat. Look for options that can allow you do that. You can scan defi lama to find options or check aggregators like Sats Terminal, I see they put together options. However, it will be great to talk to others in Canada as well and see how they’re navigating. Stay safe

GPThought

sure. banks need to hold capital reserves based on their assets right? before this change stablecoins got hit with like 20% haircut meaning if a bank held 100m in stablecoins they could only count 80m for their capital requirements. basically made it stupid expensive to touch them. now its just 2%. so suddenly using USDC for settlement or collateral actually makes sense instead of being a regulatory tax. Opens up a ton of institutional flow that was blocked before

Atmacrush

I'm DCA'ing on BTC, ETH, SOL, ADA, and lending USDC for now. More so on BTC and lending USDC.

Miserable_Twist1

USDC depegged for a while and BTC rallied in response to capital flight. It 100% depends on the reason and magnitude of the depegging.

Miserable_Twist1

Not necessarily. Bitcoin rallied hard when there was flight from USDC during that bank run because it was the safest asset to move to in crypto.

account009988

Swap to USDC

MakCapital

Second signal that USDC is becoming too big to fail. First was silicon Valley Bank being bailed out above FDIC limits. Happened under Biden. Looks like the US isn't going to allow the largest US run stables to lose their peg. Great for web3.

Schrezberatina

Exchanges need fiat. They can have all the crypto in the world, but their profits and liquidity ultimately come from the user's fiat or something easily redeemable to fiat (stablecoins, bluechips). Say for example there's a 50k USDC/T/G reward that will be split amongst users that refer new users. If each new user must trade or deposit a minimum amount, the exchange easily makes back what it plans to give out. If something like futures trading is mandatory to earn the reward, the house always wins because the fact is a sizable amount of users lose, and even winners must pay fees. Lest we forget that all yield programs in the fine print explicitly state that you've lent your assets to the exchange and they can change the rules at any time. But zoom out for a moment. None of this is exclusive to crypto. Anything that involves speculation uses tactics like this. Be it betting platforms, stock trading platforms, and even banks in some instances. They promise you money but the catch is you must give them money.

JustinCPA

You’re supposed to report all your transactions, not just when you sell for cash… Your USDC -> USD transactions are still taxable, but the gain/loss is usually $0 since the cost basis for the USDC is 1:1. You should be reporting all your transactions though

SlorgSlugmann

Apologies if this is a bit redundant to any information you conveyed But what if most of your offramp txns are USDC ==> USD Would you need to reconcile anything on your 8949 specifically in regards to the 1099-DA? Or do you simply need to show that some sort of profit was made at some point to "add up" to what that would have been. For example, let's say you offramped $5k. Does your 8949 need to show you made $5k profit at some point (or at minimum some sort of $5k conversion)

Sir_Lagz_Alot

Coinbase takes your money, deposits it into Morpho (defi platform). They give you cash, you use that cash for whatever. You get charged the variable rate when you repay the loan using cash (USDC but whatever).

Odd-Concept-1850

I just realized I didn't explain it that great. If the coin is centralized It can be frozen. If the coin is smart contract it can be frozen. The difference is the method. Smart contract can be automated code base freezes, which is USDC and usdt Centralized coins are coins that are on exchanges or have custodian. So they are actually in control of your coin anyway and can do whatever they want with it freeze it or whatever, no matter the type of coin. So your money and coinbase that's centralized. Your USDT in coinbase is both centralized and smart contract. Doesn't matter if you move it online or offline.

thistimelineisweird

Got it, thanks. I'm fine if it is included in my DA form, but I just wasn't sure if there are any additional tax implications I need to be aware of or anything special I should tell my accountant since the line item alone, in a vacuum, doesn't really say anything of significance to me- it just shows I held USDC at some point. (The accountant has done my taxes before with crypto sales, so they're familiar, which is helpful.) FWIW, I can see the two trades in my activity list where the USDC came in briefly, and I withdrew as USD to my bank account 1:1 the same day. So, seems ok on my end.

thistimelineisweird

I am not sure- there is just a line item showing "Summary for Stablecoin Transactions" after my "Summary for Trading" on the 1099-DA first page. The stablecoin section shows the number of transactions conducted in USDC and the total amount (units and dollars, which are identical). There isn't really anything else there showing transaction data on the 1099. To me it just reads like at one point I had held USDC of that value (which I did, albeit, for a few minutes). On my portfolio side, I have a screenshot of my account activity that shows buy/sell in the same day with $0 Gain/Loss, no interest gained, etc. I am just not sure if there is anything my accountant needs to know otherwise beyond "I had held some money in the form of USDC for a few minutes on these days before withdrawing but the gain/loss report on trading is accurate".

Odd-Concept-1850

When the funds are on a centralized coin, usdt USDC or whatever funds can be frozen even if in cold storage.. Why they'd keep it on any coin on there is dumb. They probably hadn't moved the money yet. Cold storage, non centralized coin without smart contract is the only way to hold crypto.

JWillCHS

You're not lying but that's one of the issues with Cardano. A lot of people didn't understand the in-fighting between Emurgo, the Cardano Foundation(that's not run by Charles), and IOG(which Charles is the CEO). The Cardano Foundation has been this force flowing up stream while everyone else including the community has been trying to flow downstream. They are the reasons why Chainlink, and Circle have struggled to do business and integrate with the ecosystem. The truth started to all come out especially around USDC and USDT integration natively the past couple of years. The only reason why Intersect exist is because the Cardano Foundation has not played well with the community. There was even drama over that during the governance update.

JWillCHS

Cardano has always been late to the game. The smart contract launch was at the end of the 2021 bull market. And finally they got a version of USDC from Circle just in time for the bear market in 2026. The best time to be a Cardano holder was during the launch of the public stake pools. But despite being energy efficient, decentralized, and a great way to earn passive income for that time. Bitcoin didn't care.

whisperedstate

Yes, the ERC-20 contracts for USDT and USDC have freeze functions.

gonzaloetjo

eth can't. Many erc20 can't. USDC and USDT smart contracts have a freeze mechanism.

Toxicity

USDT and USDC are both freezable on chain. It's in their smart contract.

samsimon123

Facts: 1. without XRP Ripple is not profitable, Ripple relies only on XRP dumps. 2. Thus after over 14 years, Ripple launched their stable coin, not believing in XRP, because no one for real is using it. 3. XLM can do what XRP can, and properly linked USDC, PYUSD can do what XRP can... 4. Ripple would stop dumping XRP, if for real it was useful! They would have real products and services.

Responsible_Gate6990

The key distinction people miss: USDC is backed 1:1 by real dollar reserves audited monthly. It's not algorithmic like UST was. For bear market parking, the real question is where you're earning yield. Lending protocols on Aave/Morpho give you 4-7% on USDC with full liquidity, no lockups. The tradeoff vs a bank savings account is no government insurance, but significantly higher returns.

coinfeeds-bot

tldr; Coinbase has expanded its crypto lending services, allowing users to use XRP, Dogecoin (DOGE), Cardano (ADA), and Litecoin (LTC) as collateral for loans in USD Coin (USDC). Powered by the Morpho DeFi protocol on Coinbase's Base network, eligible U.S. customers can borrow up to $100,000 in USDC. The platform uses wrapped tokens backed 1:1 by assets in secure custody. This move enhances liquidity access for investors without triggering taxable events, marking a milestone in the evolution of onchain credit markets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Tebasaki

I dont get this. So ypu put crypto on Coinbase, they lock it up with a variable rate, you get USDC you put that in your bank (triggering bank rules) and then you pay it back yo unlock your crypto? Couldn't you also lend someone else that locked up crypto and you get paid the variable apr?

coinfeeds-bot

tldr; Coinbase has expanded its onchain lending product to include XRP, Dogecoin (DOGE), Cardano (ADA), and Litecoin (LTC) as eligible collateral for loans in USD Coin (USDC). This move allows users to borrow up to $100,000 without selling their assets, enhancing liquidity options for retail and institutional investors. The service operates on Coinbase's Base network and uses wrapped tokens for security. Borrowers benefit from flexible repayment terms, with risk managed through a loan-to-value ratio. This marks a significant step in advancing onchain credit markets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

andix3

Bridges is one of the most annoying things ever invented by crypto people. Back in the days, there was only Ethereum. Then BSC, Polygon and the others came. I personally stopped counting after Starknet or something. My advice is to check all of the lists on the internet about crypto bridges and test them out with small amounts. For example, here you can find a list of [9 crypto bridges ](https://marketcapof.com/blog/best-crypto-bridges/). I like their list as my personalt favorite is Stargate Finance is #2 on the list. But even with Stargate Finance and others - always pay attention to the fee that you are paying and the time it takes to make the transfer. Usually if you want the transfer to be made faster, you need to increase your fee. But yes, in some cases (transferring USDC) it can take around 20-30 minutes to bridge it. I don't know another asset that take so much. Anyway, stick to the list and test those out and ALWAYS check the fee & the estimated time. Do not panic if the time passed and the bridge isnt completed, those estimations are not really accurate.

RamoneBolivarSanchez

Bro wtf are you talking about. UST was literally pegged to the system and other stables like USDT and USDC don’t bear the same algorithmic risks There are other risks of centralization but nothing to do with Terra Luna such that all stables are magically bad Plz educate yourself before spewing baseless nonsense

GPThought

aave on mainnet or arbitrum with USDC is still the safest bet imo. yields are boring right now (like 3-5%) but at least you know the protocol has been battle tested for years. i wouldnt chase double digit APY on anything during a bear, thats how people got wiped with anchor/UST

blockhead92

Blend.capital on Stellar Best APY on USDC, EURC, PYUSD, and etherfuse assets if you’re in to sovereign bond yields (mainly Mexican CETES). No fees to worry about If you are actually interested, let me know and I can point you to any reading material or public discord channel to learn more!

Cool_Psychology_7590

I use the COCA Card and consider it the best at the moment. It offers a high percentage of cashback paid in USDC or EURC on the 10th of each month. You can load it with stablecoins or euros. You can do everything from your personal wallet.

insanebot07

for large USDT holdings, issuer risk is real... diversify across chains like Ethereum, Tron, and maybe a bit into USDC. use a hardware wallet for cold storage, never keep it all on an exchange. i split mine across a couple of self-custody wallets for redundancy, one being alicebob wallet.

vaudeviIIeviIIain

Rheo… fixed-rate USDC borrowing for any duration

coinfeeds-bot

tldr; Decibel Foundation plans to launch USDCBL, a protocol-native stablecoin, on the Aptos blockchain this month ahead of its February mainnet debut. USDCBL will be used as collateral for on-chain perpetual futures trading, with reserves backed by cash and U.S. Treasurys. Users will convert $USDC to USDCBL during onboarding. The exchange aims to capture reserve-related economics internally, reducing reliance on trading fees. Decibel's testnet reportedly attracted significant activity, though figures are unverified. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

rgnet1

Stablecoins are centralized. They're faster than fiat transfers but they're not permissionless. The issuers of USDC and UST for example can and have complied with US/Intl sanctions.

Django_McFly

I've been in defi since 2020. I don't have millions stashed, but I have a decent amount. This is my take > Risk of issuer freezing funds > Exchange account freezes If you're going to be doing actual crimes with this stuff, they can freeze your address if caught. If you're just holding to hold and not do crimes, it's crypto so there's always a risk but you're fine imo. People will tell you that the oldest stablecoin that has never had an issue is the most unreliable one but it's also the largest one so take from that what you will. > Wallet security and self-custody risks > What storage setup would you consider safest? Get a hardware wallet. If it's big money, buy a some $700 laptop and the only purpose of that laptop is for when you do crypto stuff. Put Linux on it and literally only use it for that. Don't make it your *I'm on the couch, browsing the web or watching Netflix* laptop. It literally should only be for crypto. If it's an option, *some* of it in the vault product of a top 5 global exchange isn't the worst idea. > Smart contract risks depending on the chain > Would you diversify across assets or chains? I'm far from an Ethereum maxi but honestly, just use Ethereum L1. I think that plenty of ecosystems are fine enough and safe enough and I currently use or have used them all... but just do Ethereum L1. Oldest, biggest, most trusted, and if you want to do some defi stuff, you have great options. As for stables, USDC isn't bad to move into. If you're super worried about freezing, DAI works too.

Salty-Opinion-9787

I’ve literally paid for groceries and coffee using USDC through Oobit. Tap phone, merchant gets fiat, I keep custody until I approve

GBeastETH

The biggest risk is because they are a Ponzi scheme, and when they collapse you will lose everything. Use a regulated stable coin like USDC.

bgs2106

The Coinbase One Card is probably the most efficient form of this. Can earn up to 4% in BITCOIN on spending, and then just pay off the balance using USDC or any other crypto of my choice, from my Coinbase account.

MoonlitParcel

I used to think the same tbh. Most of crypto is speculation. But I’ve literally paid for groceries and coffee using USDC

Fishherr

You know what ima take the long approach here on this Tether was pretty sketch in its early days It also saved the market during the FTX Crash lol They have a lot of holdings now like gold, treasury bills. If this was 2017-18 I’d probably say avoid them. But, Bitfinex and Tether move the market (both owned by iFinex) They stop a lot of fraud with freezing funds (some gets by, yes I know the history.) But I mean realistically.. Paolo & Giancarlo have built quite the empire now. Everyone wants a stake. If you’re really concerned, move to USDC which is a bit more trusty according to CT. I can’t even remember the last time we saw Tether depeg tbh, where it was more than 1-2 cents at max. Any stablecoin provider can freeze tokens. Eth or BTC can’t, but if you withdraw to CEX anyways and are caught being illegal that’s on you. So tldr If you’re not doing anything sketchy, doesn’t matter. If you are concerned about a stabelcoins backing, use USDC.

noviwu97

Why not USDC? Converting USDT to USDC takes like 3 clicks on any DEX

dr_glip_glop

My strategy is an accumulation game - sell in trenches when btc hits new ATHs. I sold my cost basis at $99k, $109k, and $119k. Then I put this in USDC and use these profits buy in at trenches when it hits new lows. So far this was $75k and $65k. I have about 50% of my bag left to buy at lower amounts (which may never happen). It’s a game of patience. It’s impossible to time the market, and these cycles can last 6-18 months. The key is to know that btc WILL go back up in time. Maybe it’ll be years before it hits a new ATH, but it will happen, and the lower your basis, the bigger your bag.

FalconHefty

If you keep your crypto in an exchange, it can be seized, because you don't actually have possession of it. Self custody is the answer, as long as you're not using USDT or USDC

Gregory_Matthewsa

EU here, trying to DCA BTC from euros without getting wrecked on fees and weird EUR to USDto USDC conversions. Anyone cracked a decent setup?

iloveu3thousand

Steakhouse USDC is at like 3.3%. Am I missing something? How do you get 9%?

matthegc

CB one is good….you pay the monthly and they pay back all the fees….you also get 4% on USDC held there.

Doritos707

I do all the time. My main banking account for expenses (smokes, gas, fast food) is a USDC card from safepal

NoJster

Yes, with quite a different counterparty risk profile. Have been lending USDC at 15% average APY and am still lending djed at 10-12%. Gladly show me similar APYs for comparable risk profiles.

spetzn4tz

Are you lending USDC or DJED?

NFTbyND

Well then nice to meet you. I'm lending out USDC on liqwid finance for 10% apy for over a year now. Can't get that anywhere else and am quite happy.

Phine420

I get usdc by doing Internet stuff. I then swap that to btc on base and put it into xlend and Moonwell. Then I borrow USDC against it. Then i put that money in farms on aerodrome (eth/btc for example). The rewards in aero will be deposited as well . Then when I find eth in my wallet I Self half for eurc and deposit both again for more usdc. Then I Farm on pancakeswap and swap the CAKE rewards into btc again (wbtc, tbtc, lbtc, cbbtc) - deposit and lend more usdc . That’s a crypto Long strategy and right now it sucks but I Stick to it

outdahooud

Kraken expanding support to XDC and on-chain USDC is a good example of interoperability pushing adoption, multi-chain liquidity and transparent bridge support make it easier for users to move value without unnecessary friction. For people focused purely on token swaps across chains without setting up multiple exchange accounts, non-custodial aggregators like GhostSwap can help compare quotes across liquidity sources while still letting you stay in self-custody

216_Cleveland

Oof, wrong chain deposits are one of those mistakes that feels catastrophic but is often recoverable. Good news: since USDC exists natively on Polygon, the funds ARE there — they're just sitting at your Ethereum deposit address on the Polygon network. ByBit should be able to recover them since they control the private keys for that address on both chains. Contact support and specifically ask about "cross-chain deposit recovery." Most major exchanges have a process for this now, though some charge a fee. Pro tip for the future: always send a tiny test transaction first when using a new chain or address. Losing on gas to verify is way better than the stress of this situation.

Demodras777

Probably part of the reason they stopped giving free yield on USDC and now require a subscription for anything reasonable.

DiamondHandsDarrell

I think we’re mixing up peg mechanics with governance risk. USDC is fiat backed with reserves, not algo and not over collateralized crypto backed. Its risk isn’t blow up to zero, it’s issuer control, censorship, regulatory dependency, and concentration of DeFi liquidity. That’s what Vitalik’s pointing at.but It’s a different risk profile than Terra style failures.

Django_McFly

DAI had a wild depeg prior to them changing the collateral years back to be mostly USDC.

osogordo

DAI is partially backed by USDC. It used to be 50% but it's less now.

Django_McFly

The numbers don't look good. ETH was up 300%+ when you compare the 2021 peak to the 2018 one. The 2025 one wasn't even up 5% vs 2021. From 300% to 5% to x%. That trend would suggest we don't get back to ATH next time. Combine that with all the fee reduction, which is great for users, but don't ever mention something about the burn driving prices or people needing to stockpile ETH to do transaction. They got the costs down 90%. Whatever they did need, they need 90% less per user. They need a 9X in activity just to get back to where they were: sub 5% gains over four years. I'm bullish on defi but 9X in activity on the biggest chain (especially if we're saying by next cycle) seems like wishful thinking. I'd rather take that bet on BTC. While it has diminishing returns, they aren't forecasting to negatives. I never thought of myself as a maxi but crypto is no longer a *buy anything good. wait four years and you'll be happy you bought*. Everyone that top ticked ETH and SOL in 2021 had like a 10 hour window in 2024/2025 where they had 5%-15% gains then it went back to losses. They could have bought USDC, put it into Aave and after a (one, singular) year they'd have gotten the same results. And they had years to withdraw and take advantage, not 10 hours or it's back to losses. You have to pick winners and losers now.

ExplanationNormal339

Vitalik's right that USDC/USDT concentration kills the decentralization narrative, but [AimyTrade](https://aimytrade.io?utm_source=reddit&utm_medium=comment&utm_campaign=CryptoCurrency&utm_term=MARKET&utm_content=variant_1771001442431_d94rej) tracks which algos actually maintain peg under volatility.

coinfeeds-bot

tldr; Vitalik Buterin criticized centralized stablecoins like USDC and USDT for dominating DeFi and centralizing the market. He advocates for algorithmic stablecoins backed by cryptocurrencies like Ethereum or Bitcoin, aiming to reduce reliance on USD-based stablecoins. Algorithmic stablecoins lost popularity after the Terra USD collapse in 2022, but Vitalik supports their potential to decentralize DeFi. He also suggests moving away from USD as the main stablecoin peg to avoid centralized control. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

MariachiArchery

This is a terrible comparison. Coinbase has *reserves* dude. *Billions* of dollars, BTC, ETH, USDC... whatever, in *reserve.* Like, they have it, in their custody. FTX didn't invest, they stole. They didn't have reserves.

Valuable_Act8980

The only issue I had was buying coins on DEX, it’s not allowing USDC purchases again.

CipherScarlatti

I just had multiple transactions fail. Yeah, that's the ticket! So if you could just restore my balances of 6 Bitcoin, 1500 Litecoin, $12 of USDC, and 1.5 billion PEPE, that would be great. /j